101 954 Preston Way

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$2,190/mo

after all costs

−$656/mo

cap rate

3.6%

yearly net rent ÷ price

Costs: mortgage $2,090 · tax $395 · strata $150 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Langford: CMHC's average there ($1,874) raised by what new tenants pay against everyone in the Victoria area, then down 1% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

The listing shows $4,738 a year in property tax.

Estimate: the BC Assessment value times Langford's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

sold vs last asking

-3%

median, 27 condos sold

listed now

51 days

median for 203 condos for sale; this one 14 days

Condos in Langford, registered sales in the last 6 months (BC Assessment) against each home's last asking price on the MLS®. Sale prices register 1 to 3 months after a sale closes.

the building's lot: 699 m² (7,524 sq ft) · PID 032-860-030. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

• Wildfire

  The BC Wildfire Service rates Langford's wildland urban interface as risk class 1 of 5 (the highest class). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.

  Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.